About Us

INTERNATIONAL DIAMOND MANUFACTURERS ASSOCIATION (IDMA)

The International Diamond Manufacturers Association (IDMA) was founded and convened for the first time in 1946, in Antwerp.

It is committed to fostering and promoting the highest ideals of honesty and best practice principles throughout the diamond industry worldwide, as well as full compliance with all relevant national and international laws.

Towards this end, the organization has developed and adopted a Code of Conduct, which is binding on all members.

IDMA also works to encourage fair and honorable practices and decent working conditions for those employed in the diamond industry; and to preserve, protect and promote the trust and confidence of consumers in diamonds and diamond products.

It encourages and supports social responsibility on the part of the industry in respect to all citizens of the world.

IDMA seeks to take a unified leadership role on all issues affecting the industry and convenes biennially at the same time as the World Federation of Diamond Bourses (WFDB) World Diamond Congress.

The Congress includes a session of the general assemblies of both organizations, where joint resolutions are passed on current issues of concern.

The association has played an active role in establishing the Kimberley Process Certification Scheme and is a co-founder of the World Diamond Council.

IDMA has 16 member associations at present and its current President is Mr. Ronnie VanderLinden of the USA.

IDMA WINC 239

WDC aims to improve ethical sourcing structures

Improvements to industry regulations concerning responsible sourcing were the primary topic of discussion at the World Diamond Council’s (WDC’s) annual general meeting (AGM) in Mumbai, India, earlier this month.

Congo condemns alleged crackdown on diamond miners in Angola

The Democratic Republic of Congo has condemned a crackdown on artisanal diamond miners in Angola which has allegedly seen dozens killed and Congo nationals expelled from the country in violation of agreements – a claim Angola denies.

Lucara to begin third party diamond sales with launch of blockchain channel

…the technology – known as “Clara” – would replace inefficient diamond sales through tender. It would also enable the company to sell third party diamonds as well as goods from its Karowe mine in Botswana.

De Beers diamond production falls 5 percent in third quarter

De Beers, the world’s top diamond producer by value, saw rough diamond production decrease by 5% to 8.7-million carats in the quarter ended Sept. 30, mainly due to planned volume reductions in Botswana and South Africa.

Petra tipped to have “turned the corner” on promise of free cash flow in 2019

“A refreshing quarter from Petra Diamonds delivered a production beat across most of the mines including Finsch and Cullinan where production guidance had recently been downgraded,” said Tyler Broda, an analyst for RBC Capital Markets.

Petra Diamonds appoints MC mining chairman as non-executive director

Saskatchewan diamond mine gains provincial approval

The company recently announced the positive results of the independent preliminary economic assessment on the project, which estimates that 66-million carats of diamonds could be recovered in a surface mine over a 38-year project life.